Speaking of taxes........

[Kitsune]

Originally Posted by Clodfobble

But if they are selling a handful of stock options here and there for day-to-day cash, that money is still taxed as capital gains. Don't most flat-tax plans still count capital gains as income?

I've heard both versions suggested, but I'd guess you'd have to count any and all income. This, to me, means forms quite a bit bigger than a postcard.

Originally Posted by Clodfobble

The problem is that "flat tax" and "a simplified tax system" do not have to go hand-in-hand at all.

I, personally, don't want a simplified tax system. Deductions and the sliding scale go in my favor and will continue to do so as my life progresses, property is purchased, etc. The benefits of the current system are too great, especially for people with low incomes and those getting their lives started.